HomeMy WebLinkAbout2009-10-20; City Council; 20014; Presentation of local economic update«?/ NS°— 3?'rxYs'$&),^gg^/
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DEPT.
20
CITY OF CARLSBAD - AGENDA BILL
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.014
8/20/09
FIN
PRESENTATION OF LOCAL
ECONOMIC UPDATE
DEPT. HEAD
CITY ATTY.
CITY MGR.
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RECOMMENDED ACTION:
Accept presentation regarding an update of the local economy and the impact on the City of
Carlsbad's revenues.
ITEM EXPLANATION:
The United States is experiencing an economic slowdown especially with respect to the
housing and financial markets. It is important for the City of Carlsbad to be aware of the
economic slowdown and the potential impacts on the City of Carlsbad's finances. This
presentation will help provide an overview of the state and local economies with specific
information regarding the City of Carlsbad's economy as well as the impact of the slowing
economy on Carlsbad and its neighboring cities. This information will help the City be aware
and proactive as we move through this economic uncertainty.
FISCAL IMPACT:
None.
ENVIRONMENTAL IMPACT:
The proposed presentation does not constitute a "project" within the meaning of the California
Environmental Quality Act and, therefore, do not require environmental review.
EXHIBITS:
None.
DEPARTMENT CONTACT: Lisa Irvine 760-602-2430 lisa.irvine(5)carlsbadca.qov
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION:APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
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CONTINUED TO DATE SPECIFIC
CONTINUED TO DATE UNKNOWN
RETURNED TO STAFF
OTHER - SEE MINUTES•COUNCIL KECEIVEU THE REPORT.
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